One thing from the article I don't really understand: why are power companies signing these shutdown deals? Are they not allowed to set quotas or cost tiers that make sense for the limited capacity they have? Why can't we have reasonable prices for residential amounts of electricity, and progressively more expensive bands that control for the actual value of that electricity based on the supply? Why cant they put an energy quota/cap for their customers? Clearly miners are valuing the electricity more than for what it could be sold at because they keep buying more of it. It sounds like we need a smart grid just to get energy economics back to something reasonable. Although the fact they can call up their client and tell them to shut it down seems like they already have something in place, but that it just needs to be automated as quota enforcement.
And I didn't see any mention of policies that could make coal-sourced electricity more costly. It seems like again, obvious economic policy would improve this situation. But it's just written as BTC = bad.
And I didn't see any mention of policies that could make coal-sourced electricity more costly. It seems like again, obvious economic policy would improve this situation. But it's just written as BTC = bad.